In Governor Moore's first press conference as he took office last week, he announced the release of $69 million in funding approved by the General Assembly, but withheld by the administration of former Governor Hogan. These funds will be used for several initiatives approved by the General Assembly in the fiscal year 2023 budget: $9 [...]
Anne Arundel County Circuit Court Judge Alison Asti held during an October 17 motions hearing in Comcast v. Comptroller that the state's tax violates the Internet Tax Freedom Act, the federal commerce clause, and the first amendment. Judge Asti concluded that digital advertising is similar to traditional advertising, finding that the tax was discriminatory under [...]
Governor Larry Hogan announced $7.5 million in funding to law enforcement agencies in Police Accountability, Community, and Transparency (PACT) grants. The grants will be administered by the Governor’s Office of Crime Prevention, Youth, and Victim Services and will help provide funding for more body cameras, de-escalation training, and other critical tools to enhance community relationship [...]
The Report on the Fiscal 2023 State Operating Budget (SB 290) and the State Capital Budget (SB 291) and Related Recommendations, otherwise known as the “Joint Chairmen’s Report,” is now available on the General Assembly website. This report summarizes the final actions taken by the Senate Budget and Taxation Committee and the House Appropriations Committee [...]
The Maryland General Assembly passed a $61 billion budget Friday that includes expansions of health care services, funding for public education, and tax cuts on baby products and other health care items, as well as for retirees in Maryland. Governor Hogan signed the tax cuts in a bill signing ceremony alongside President Ferguson, Speaker Jones, [...]
The Board of Revenue Estimates voted to increase the revenue projections for the current and upcoming fiscal years by $1.6 billion. The Board - comprised of Comptroller Peter Franchot, Treasurer Dereck Davis and State Budget Secretary David Brinkley - increased the state’s tax revenue projection for the current fiscal year to $22.5 billion, an $867 [...]
Governor Larry Hogan submitted a $480 million supplemental budget to the General Assembly for Fiscal Year 2023, including funding for first responders, economic development in rural counties, renters and homeowners, and restores Blueprint funding for Baltimore and Prince George's County school systems. From the Governor's press release: “With this supplemental budget, we are providing critical [...]
Governor Hogan released details yesterday of his Fiscal Year 2023 proposed budget. As described in the Governor’s press release, the surplus budget “strengthens the state’s Rainy-Day Fund to record levels, delivers major tax relief to retirees and working families, expands relief for vulnerable Marylanders, makes record investment in K-12 education and school construction, increases funding [...]
Governor Hogan held a press conference yesterday where he announced a $4.6 billion tax cut for retirees, small businesses, and lower-income Marylanders. The proposal would be funded through Maryland's budget surplus. From Governor Hogan's press release: “Next to our health recovery from the worst pandemic in more than a century, nothing is more important than [...]
The State and local governments can begin to access funding through the $2 trillion American Recovery Act. Of Maryland's $6 billion share, the State will receive $3.7 billion, counties $1.1 billion, cities with more than 50,000 residents will split $619 million, and smaller cities and towns will share approximately $529 million. Guidance issued by the [...]
